We had quite an interesting week last week as the Dow Theory signal confirmed the bullish trend on a new high in the Dow and Dow Transportation Index. Later in the week, however, the market produced a new, confirmed Hindenburg Omen. This Omen is good for 4 months. (* Please search my prior posts for [...]
As I mentioned in a previous week’s video, the market made its way into earnings season by hitting the YM 11,000+ mark. Whenever institutions want to create the sense of buying in the market they tend to bid up stocks like GOOG which carry a lot of weight in the NASDAQ . We have seen [...]
They say the trend is your friend. Don’t go against the trend. Well, the trend remains to the upside. It doesn’t really matter why the trend is up. Whether it be a great economy or artificially created by the Fed and Treasury, the trend is up. Does this mean we throw all caution to the [...]
In this weeks market update we’ll use the MTPredictor Elliott wave and Fibonacci trading software to project where the Gold, Oil and Dow may be headed next. Earnings season kicks into gear on Thursday with AA reporting first. We’ll see if the stock market has topped or if the weekly Decision Point area becomes the [...]
This week we continue to look at the YM and Gold from a little different perspective to find some surprising reasons why these markets are trading where they are. Check out the analysis using the MTPredictor Elliott wave and Fibonacci trading software for stocks, commodities, futures and forex. Also, sign up for the free MTPredictor [...]